Trade

Brent crude rose by the most in three sessions after a car bomb exploded in the Kurdish region ofIraq, OPEC’s second-largest producer. West Texas Intermediate also gained in New York. Futures climbed as much as 1.3 percent in London. At least five people were killed when a car bomb exploded outside the …

Iraqi Kurdistan plans to increase the capacity of its oil pipeline via Turkey to 700,000 barrels per day (bpd) following upgrade work, industry sources and officials said on Monday It will raise the flow to 400,000 bpd by year-end, from a current 280,000 bpd, adding further pressure to falling world …

Most international companies in Kurdistan that had suspended their activities have resumed regular operations again now that ISIS terrorists have been beaten back from the Kurdistan Region’s borders. The Peshmerga forces have reclaimed large areas from the terrorists with the help of the international coalition. The deterioration of the security …

Reuters reports that Iraqi Kurdistan has shipped a total of nineteen tankers carrying 13.7 million barrels of crude oil since May, using its new pipeline to the Turkish port of Ceyhan. An official told the news agency that the flow of oil continues without any issues, and a 20th tanker will be loaded in the …